Tag Archives: money

Where to Go from Here?

Winding up this long series with book recommendations. All right, recommending my own book… Continue reading

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Other Trade Perspectives

The perspective that is most common in the bank is still trade-centric. But view that the whole bank appreciates is the view of the senior management, which is narrowly focussed on the bottom line. Here is more about such perspectives. Continue reading

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Middle Office

The perspective employed by the Middle Office team is that of queues running in a first-in, first-out mode. Continue reading

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Quant Developers

The product-centric view of the quantitative developer suits their work paradigm. Continue reading

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Quants

The perspective of the mathematical wizards of the bank, and why they often appear far-removed from the rest of the bank. Continue reading

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Trade Perspectives

In this last section of this post series on how a bank works, we will see how the quants, quantitative developers and the middle office professionals (and the rest) see trades and trading activity. Continue reading

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Summary — Life of a Trade

Quick summary of the section on the trade lifecycle, before we move on to the final section on the perspectives held dear by various business units in a bank. Continue reading

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Termination

On the termination phase of the life of a trade. Continue reading

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Validation and Processing

Once a trade is booked into the trading platform, it is monitored and processed on a daily basis. Here is a short summary of such activities. Continue reading

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Capitalism vs. Corporatism

On the curious distinction between corporatism and capitalism. Why is one good and the other bad? Continue reading

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Trade Inception

On the activities around product conceptualization and trade inception. Continue reading

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Life of a Trade

In this second series on the inner workings of an investment bank, we look at trade lifecycle. Continue reading

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Summary – Structure of a Bank

Summary of the section on the structure of a bank, as we prepare to move on the next sections on trade lifecycle and perspectives. Continue reading

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Back Office, Finance et al

Short description of the functions of Back Office, Finance etc. Continue reading

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Rates and Valuation

Other important functions of Middle Office, although far removed from quantitative development. Continue reading

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Market Risk Management and Analytics

Market Risk Management Analytics is where I started my banking career. It may be a good place for quantitative professionals to start. Here is a summary of what MRM and Analytics do. Continue reading

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Credit Risk Management

Risk management is a critical function of Middle Office. Here is a look at Credit Risk Management. Continue reading

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Middle Office

Moving from the risk taking side (Front Office) to the risk control side (Middle Office), this post gives you a general outline of what this second office does. Continue reading

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Quantitative Developers

On the vital role of quantitative developers in an investment bank. Continue reading

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Trading Desks

The profit centers of an investment bank, trading desks command enormous prestige. And bonuses, which can easy range up to a few times their annual salary. Continue reading

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